For all intents and purposes, indicators this week started at their lowest levels since November 2020. With sentiment in the landfills, it was fitting to finally see some strength. The bulls enjoyed…
Tag: June
Market Update June 20 – The Pain Continues
The week started with a bang, taking out “must hold” areas from the previous week on all indicators. Although the news of a 75 basis point rate hike brought some strength and…
Market Update June 6: Consolidation Week
After a strong move last week away from the recent lows, some consolidation was expected and that’s exactly what we got this week. Monday was strong, cornering the late bulls, and then…
GBPJPY trades to the highest level since June 2016
The GBPJPY moved up to test 50%/160.00 area. The GBPJPY is running running higher and in the process is up testing the 50% midpoint of the longer term range from the 2015…